DMX to consider bankruptcy an option to save home

Posted on Monday, January 9th, 2017 at 9:58 pm    

To possibly save his home and settle overwhelming debts to creditors, hip hop artist Earl Simmons a.k.a. “DMX” has once again filed for bankruptcy, a December 29 report of Mail Online stated.

Court papers revealed the 46-year-old Simmons had filed for Chapter 13 Bankruptcy in a move to save his house in Mount Kisco, New York. The rapper, who claims that he is financially struggling, had $2,030,970 worth of debt to various creditors. DMX identified family support as his major creditor, followed by Compass Bank and other support payments that he had failed to settle. Bankruptcy is not new for the Bronx rapper as he had also filed two other bankruptcies since the year 2009. Many speculate that DMX’s struggle with his finances comes after fathering 15 children to multiple women.

In the situation that you are dealing with overwhelming debt, working with a skilled lawyer is critical if you are considering to file for bankruptcy. Discuss your situation with a Bradford Law Offices, PLLC lawyer in Fayetteville today by calling (919) 758-8879 to learn more about your options.